A son or daughter who is age 24 or older and who has gross income of the exemption
amount ($3500 for 2008) may NOT be claimed as a dependent child. However they
can be claimed as a Qualifying Relative IF the son or daughter has income LESS
than the exemption amount and is more than half supported by the taxpayer. The recent
issue of The Kiplinger Tax Letter states such a son or daughter will NOT qualify the
taxpayer for Head of Household status. Then it says at the bottom "Any child who
qualifies as your dependent or as dependent of another taxpayer for the tax year
is excluded". WHAT does that mean? Is Head of Household status allowed or Not?
amount ($3500 for 2008) may NOT be claimed as a dependent child. However they
can be claimed as a Qualifying Relative IF the son or daughter has income LESS
than the exemption amount and is more than half supported by the taxpayer. The recent
issue of The Kiplinger Tax Letter states such a son or daughter will NOT qualify the
taxpayer for Head of Household status. Then it says at the bottom "Any child who
qualifies as your dependent or as dependent of another taxpayer for the tax year
is excluded". WHAT does that mean? Is Head of Household status allowed or Not?
Comment